What is a financial coach and how is it any different than a financial advisor? In this post, we’ll break it down. Then we’ll cover who should get financial coaching and how it works. Spoiler, I don’t think coaching is for everyone. I don’t even think it’s for everyone who has financial problems. Financial AdvisorContinue reading “Financial Coaching: How It Works and Who Should Get It”
Tag Archives: personal finance
What Economists Say About How To Use Stimulus Checks
Round three stimulus checks are coming! Is it economically irresponsible to not spend it? I mean, it is meant to stimulate the economy, right? What have we learned from the impact the last stimulus checks have had on our economy? What the Economists Say With the third round of stimulus checks being sent out, I’veContinue reading “What Economists Say About How To Use Stimulus Checks”
How to Find Your Net Worth and Why It Matters
People talk about “net worth” but how do you actually find it? In this post, we’re going to look at net worth and why it’s helpful. We’ll also look at its one major downside of net worth. Let’s start with the definition. Net Worth Definition Net worth is what you own minus what you owe,Continue reading “How to Find Your Net Worth and Why It Matters”
How to Combine Finances After the Wedding
When two people get married, what’s the best way to handle the finances? Keep it separate or make the money pot a little larger? What other financial things should we consider when we get married? This weekend, Bailey and I attended the wedding of some friends. Cue the bells and sparklers! So I am taking this appropriate opportunityContinue reading “How to Combine Finances After the Wedding”
How to Gain a Healthy View of MONEY as a Person of FAITH
For those of faith, sometimes it seems like money and faith are opposites. We have a hard time figuring out how they can work together. Unfortunately many people in the church have an unhealthy view of money. “It’s inherently evil and will destroy your life!” It can seem dirty. The reason for this preconception isContinue reading “How to Gain a Healthy View of MONEY as a Person of FAITH”
5 Unconventional Side Hustles (and How to Choose One for Yourself)
Today’s blog post about side hustles isn’t going to be your traditional post where I say “Ok you can do door dash, you can do Uber, you can do Lyft, you can get an evening job!” Nope. There are plenty that cover side hustles you can do. My goal is to open your mind aContinue reading “5 Unconventional Side Hustles (and How to Choose One for Yourself)”
The Problem with “Pay Yourself First”
You hear the phrase “pay yourself first” all the time. I agree in theory, but when we look at it deeper, how does that affect other areas of your financial life? Is the “pay yourself first” mentality really the best way to make progress with your money? “Pay yourself first” is a frequently used phrase to justContinue reading “The Problem with “Pay Yourself First””
How Much Do You Need to Invest for $1 Million in Retirement?
We’ve talked about investing and retirement, but what’s the magic number you need to have saved by the time you retire? And how much do you need to invest per month to hit that number? Is retirement actually a myth? What you need in retirement is going to depend on a number of variables. HowContinue reading “How Much Do You Need to Invest for $1 Million in Retirement?”
401k vs IRA: What You Need To Know About Each for Retirement Savings
When it comes to retirement, I’m sure you’ve heard all the letters and numbers: 401k, IRA, 403b, TSP, etc. Confusing, right? What’s the best one? That’s why today we’re going to look at two of the most popular — the 401k and the IRA. We’ll look at the pros and cons of each so youContinue reading “401k vs IRA: What You Need To Know About Each for Retirement Savings”
The 6 Do’s and Don’ts of Budgeting
Consider this: The median household income of Americans in 2019 was just over $68,000 according to the Census Bureau. If starting a budget caused you to save even 1% more of your yearly income, that would be an average of about $56 a month of savings. When $56 is invested per month over your 40Continue reading “The 6 Do’s and Don’ts of Budgeting”
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